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hodyreva [135]
3 years ago
5

Colombia has an absolute advantage in producing coffee relative to the United States.

Business
1 answer:
Diano4ka-milaya [45]3 years ago
6 0

Answer:

The correct answer is letter "C": Colombia has a comparative advantage in producing coffee relative to the United States.

Explanation:

A comparative Advantage is a person, company, or country's ability to produce a good or service at a lower cost of production than its competitors. Possessing a comparative advantage does not mean that one entity is absolutely better at producing a good or service than another.

Thus, <em>Colombia has a comparative advantage in producing coffee relative to the United State because its lands and weather allows the growing of coffee crops better than in the U.S.</em>

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A disadvantage of feedback is that: Group of answer choices it makes the control process inefficient. most people are too sensit
julsineya [31]

Answer: It always comes after the fact.

Explanation:

Feedback is very important for a company. It helps them know where they need to improve on so that they can offer better services ti customers. It also fosters good relations with customers as they will feel their input is taken into account.

Unfortunately though the whole premise of Feedback is that it's based on information of an event that has already happened and SOMETIMES CANNOT BE CHANGED. This is a very huge drawback but one that is implicit in the process itself.

6 0
3 years ago
Bolster Soda had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Castor Soda had a turnover ratio of
Bess [88]

Answer:

This implies Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

Explanation:

The accounts receivable turnover ratio refers to an accounting ratio that is used to show the how effective a firm is in collecting the receivables or money its clients are owing it.

This implies that accounts receivable turnover ratio is used to determine the extent to which a firm ie effectively managing the credit it gives to customers and how quickly the firm collects that that short-term debt.

The formula for calculating the accounts receivable turnover ratio is as follows:

Accounts receivable turnover ratio =  Net credit sales / Average accounts receivable

When the accounts receivable turnover ratio is high, it implies that the company is efficient is collecting debt and a high percentage of its cutomers are paying up their debts.

The account receivable turnover ratios in the question therefore imply Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

3 0
3 years ago
Define ATS and describe its use.. Why would large companies<br> use an ATS ?
elena55 [62]

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

7 0
2 years ago
Even though it was extra work for the company to implement, Johan was happy that consumers had asked for a better grade of plast
aliya0001 [1]

It should be noted that the competitive advantage of Johan's company is being affected by Demand conditions.

<h3>What are Demand conditions?</h3>

Demand conditions  can be regarded as the size and nature of the customer base for products,  and this usually bring about innovation and product improvement.

This is why Johan was happy that consumers had asked for a better grade of plastic for the toys his company produced.

Learn more about Demand conditions at:

brainly.com/question/4804206

7 0
2 years ago
Specialization in production Group of answer choices Makes a country weak. Reduces the standard of living. Increases output. Dec
OLga [1]

Specialization in production will increase output.

As any specialization in production will be achieved by specialized labor or technology, both the factor will produce per unit time and gives a comparative advantage.

Specialization is a production method that focuses on the production of a limited range of goods for a company to achieve a higher level of efficiency.

The more they focus on their work, the more efficient they are in that work. This means less time and money is spent producing goods. In other words, you can produce more goods in the same amount of time and money.

Learn more about Specialization in production here:brainly.com/question/24448534

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